President Bola Tinubu, the leader of the All Progressive Congress (APC), presented the symbolic flag of the party to candidates contesting gubernatorial seats in Bayelsa, Kogi, and Imo states. The candidates, namely Hope Uzodinma, Timipreye Sylva, and Ahmed Ododo for Imo, Bayelsa, and Kogi states, respectively, received the flags during a ceremony held at the…
The Central Bank of Nigeria (CBN) has reportedly made significant efforts to address the backlog of foreign exchange (forex) demands, particularly for banks and airlines. Financial institutions have noted the clearance of their pending forex requests, and airlines have also seen progress in resolving their outstanding forex needs. The exact source of funds used to…
Senator Natasha Akpoti-Uduaghan has officially taken her seat in the Nigerian Senate as the new representative for Kogi Central Senatorial District. The oath of office was administered to her by the Clerk of the Senate during a plenary session. Senate President Godswill Akpabio supervised the ceremony. This development follows the recent Court of Appeal ruling…
Kogi State Governor, Yahaya Bello, has accepted the decision of the Appeal Court affirming Natasha Akpoti-Uduaghan as the duly elected candidate for Kogi Central Senatorial District. GYB, a member of the All Progressives Congress (APC), extended his congratulations to Akpoti-Uduaghan of the Peoples Democratic Party (PDP) and all participants in the democratic process. The Court…
The Labour Party’s 2023 presidential candidate, Peter Obi, has identified poor planning and bad leadership as the root causes of Nigeria’s current challenges. Speaking at a colloquium and Hall of Fame event organised to honour the National Chairman of the Labour Party, Julius Abure, Obi stressed the need to prevent embezzlement of public funds and…
The Central Bank of Nigeria (CBN) has addressed concerns about a shortage of currency notes in the country, emphasising that there is an adequate supply to support economic activities. CBN’s Director of Corporate Communications, Isa AbdulMumin, provided this reassurance via the CBN’s official X account, formerly known as Twitter. AbdulMumin stated that the apparent shortage…
Mrs. Chioma Nweze, the Senior Special Assistant to President Ahmed Tinubu on Community Development, has expressed concern over the security challenges in the South East region of Nigeria. She revealed that she has been working closely with the Governors of the zone to address these security issues. Nweze made this statement in Abakaliki, where she…
The outlook for the Nigerian naira has improved due to reports that the Central Bank of Nigeria (CBN) is planning to fulfil its forward FX obligations, along with a recent dovish statement from the U.S. Federal Reserve (Fed). Unverified reports suggest that the CBN will fulfil 75–80% of the outstanding matured foreign exchange forwards through…
President Bola Tinubu, during the opening of a three-day cabinet retreat, announced his intention to sign a performance bond with ministers and permanent secretaries, warning that any underperforming member would be removed. The retreat’s theme was “Delivering on the Renewed Hope Agenda,” and Tinubu expressed his commitment to lifting 50 million Nigerians out of poverty….
The Economic and Financial Crimes Commission (EFCC) has released 59 students of Obafemi Awolowo University (OAU), Ile-Ife, Osun State, who were arrested during a raid conducted in a private estate where the students live. The university’s management announced their release, which was secured following the institution’s intervention. The Vice-Chancellor of OAU commended the EFCC for…